Shopping Center Business

MAY 2015

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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16 • SHOPPING CENTER BUSINESS • MAY 2015 N E W S L I N E n HFF ARRANGES $46.1 MILLION SALE OF GROCERY-ANCHORED SHOPPING CENTER IN NEW HAMPSHIRE HFF has arranged the $46.1 million sale of The Shoppes at Bedford Mall, a 277,289-square-foot, recently redevel- oped, grocery-anchored retail center in Bedford, New Hampshire, a suburb of Manchester. HFF represented the seller, Emmes Asset Management Company LLC, and placed the 10-year, fixed-rate, $30 million loan with Guggenheim Com- mercial Real Estate Finance LLC for the buyer. Anchored by Kohl's, The Fresh Market and Marshalls, The Shoppes at Bedford Mall was fully redeveloped and renovated in 2012, which created new retail space that totals more than half of the center's square footage. The property is 98.6-percent leased to Staples, Weight Watchers, Pet Supplies Plus, Bob's Store, Starbucks, Chipotle and Outback Steak- house. Situated on 21.38 acres, the asset is 4.6 miles south of Manchester, the larg- est city in New Hampshire. HFF senior managing director James Koury and real estate analyst Xave Jacoby led the invest- ment sales team representing the seller. The HFF debt placement team was led by director Porter Terry. n GBT ACQUIRES METRO ATLANTA SITE FOR $1.65 MILLION, PLANS REDEVELOPMENT GBT Realty Corp. has acquired a 1.7- acre site in East Cobb County, Georgia, for $1.65 million. Currently the site of a 10,240-square-foot building occupied by Chuck E. Cheese, the firm plans to redevelop the parcel with demolition this spring. GBT acquired the site from Em- press Theatres Inc., a Nebraska corpora- tion. The Chuck E. Cheese site is one of the last remaining parcels in a retail cor- ridor that includes a Target, a new Dick's Sporting Goods, Trader Joe's and Whole Foods Market. Bowie is one of the largest cities in Maryland. Bowie is also an excellent business location, easily accessed from Washington D.C., Annapolis and Baltimore. Bowie's proximity to these major cities brings business and workforce into the area via Routes 3, 50 and 301. Bowie has more than 90 restaurants, 200 shops, and a dozen recreation opportunities. With this winning combination of location, access and amenities your business is certain to grow and succeed. For space available details call: Bowie Marketplace Brian Berman, 301.816.1555 Bowie Plaza Jack deVilliers, 703.442.4315 Bowie Town Center Melodye Grim 317.685.7295 Collington Plaza Scott Faloni, 410.693.3248 Free State Shopping Center Rich Abruscato, 301.998.8188 Hilltop Plaza Bruce Levine, 410.486.0800 x116 Pointer Ridge Plaza Jim Farrell, 571.382.1229 Shoppes at Bowie Town Center & Shoppes at Highbridge Sean Weisbord, 410.771.1700 For more information on ALL of Bowie's Opportunities, contact: John Henry King, Economic Development Director, City of Bowie, Maryland 15901 Excalibur Road, Bowie, MD 20716 301.809.3042 | fax 301.809.2315 | jhking@cityofbowie.org Retail Opportunities to make your Mark in Bowie Median Household Income over $94,532 Average Household Income over $109,161 The Shoppes at Bedford Mall was fully redeveloped and renovated in 2012, which created new retail space that totals more than half of the center's 277,000 square feet. GBT Realty Corp. acquired the Atlanta Chuck E. Cheese's site from Empress Theatres Inc., a Nebraska corporation.

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